TD Forecasts Strong Price Appreciation for Vermilion Energy (TSE:VET) Stock

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target increased by TD from C$18.00 to C$19.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s target price suggests a potential upside of 14.67% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on VET. BMO Capital Markets boosted their price target on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the company a “market perform” rating in a research report on Friday. Royal Bank Of Canada raised their price objective on Vermilion Energy from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. National Bank Financial cut their target price on Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. TD Securities raised Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Finally, Desjardins set a C$16.00 target price on Vermilion Energy and gave the company a “hold” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Vermilion Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$19.75.

Vermilion Energy Stock Up 2.8%

VET stock traded up C$0.45 during midday trading on Friday, reaching C$16.57. 1,472,780 shares of the company were exchanged, compared to its average volume of 1,284,246. The company has a market cap of C$2.54 billion, a price-to-earnings ratio of -3.13, a price-to-earnings-growth ratio of -0.02 and a beta of 0.23. The company has a debt-to-equity ratio of 63.73, a quick ratio of 0.40 and a current ratio of 0.63. Vermilion Energy has a 1-year low of C$9.71 and a 1-year high of C$20.31. The stock’s 50-day simple moving average is C$14.63 and its 200 day simple moving average is C$15.39.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its earnings results on Wednesday, July 29th. The company reported C$0.86 earnings per share (EPS) for the quarter. The business had revenue of C$563.07 million during the quarter. Vermilion Energy had a negative net margin of 44.92% and a negative return on equity of 33.68%. On average, equities analysts forecast that Vermilion Energy will post 1.3956262 earnings per share for the current year.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.